Are Chinese Stocks Doomed? Should You Invest?
Should you invest in Chinese stocks? If you own shares of Alibaba and other companies like Nio or Baidu, should you sell? Will these stocks be delisted and what happens to your investment when that happens?
In today’s livestream, I’ll cover the recent stock market news around The Holding Foreign Companies Accountable Act passed by the U.S. Congress and on its way to be signed by the President. The Act requires all foreign companies, but specifically Chinese companies, to be accountable to the same auditing standards as U.S. companies if they want to stay listed on the U.S. stock markets.
The Act gives companies three years to comply with the requirements or the stocks will be delisted from the U.S. market. The news sent shares of Chinese stocks like Alibaba and Nio down but only marginally. The fact that companies still have three years to comply and there are several other loopholes that could make this more new than actual investor risk.
First, many of the larger Chinese companies are already audited by U.S. firms or those in compliance with PCAOB standards. It’s also likely that China would allow some form of compliance over the next three years for companies to keep their U.S. stock market listing. There could be a few in danger though, specifically companies held closely by the government or those in the national interest like energy companies and financials.
If you’re investing in Nio stock or any of the other chinese stocks, watch this video before you make any investing decisions.
Join the conversation in our private Facebook Group!
My Investing Recommendations 📈
📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount
Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 https://mystockmarketbasics.com/webull
Follow the 2021 Bow Tie Nation portfolio on Stockcard and get a special 10% discount with promo code: bowtienation https://mystockmarketbasics.com/stockcarddiscount
Free Webinar – Discover how to create a personal investing plan and beat your goals in less than an hour! I’m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Reserve your spot now! https://mystockmarketbasics.com/free-investing-webinar
Ready to Make Money Online? 🤑
Get this special negotiated deal with Blue Host for web hosting https://myworkfromhomemoney.com/bluehost
Free Webinar to Grow a YouTube channel! How I grew from 0 to 75,000 subs fast! https://myworkfromhomemoney.com/webinar-grow-youtube/
Want to know how I started six blogs from scratch to make over $12,000 a month? Get this FREE five-day email course on building a blog that makes money and an easy checklist with everything you need. https://myworkfromhomemoney.com/free-build-a-blog-checklist/
FREE Download: Want to know how I made over $140,000 last year blogging? Download this free quick-start guide to starting a blog and what you need to know to make money! https://myworkfromhomemoney.com/blogging-quick-start
My Books on Investing and Making Money 💰 📗
📈 Step-by-Step Dividend Investing http://amzn.to/2aLpFcs
Step-by-Step Bond Investing http://amzn.to/2aLpA8p
Make Money Blogging http://amzn.to/2kpL6Cr
📺 Crushing YouTube https://amzn.to/2YVCqfi
🙏 Step-by-Step Crowdfunding http://amzn.to/2aS2DRK
SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos
Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.